Compagnie Lombard Odier SCmA Has $8.31 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Compagnie Lombard Odier SCmA reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,038 shares of the specialty chemicals company's stock after selling 7,141 shares during the period. Compagnie Lombard Odier SCmA's holdings in International Flavors & Fragrances were worth $8,307,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Dodge & Cox raised its holdings in International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Vanguard Group Inc. increased its holdings in International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock valued at $2,554,996,000 after buying an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd purchased a new position in International Flavors & Fragrances in the fourth quarter valued at about $2,143,882,000. Geode Capital Management LLC increased its holdings in International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock valued at $520,032,000 after buying an additional 157,948 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after buying an additional 1,663,629 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target on the stock. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Citigroup raised their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $93.43.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded down $2.34 during midday trading on Friday, reaching $76.04. 559,893 shares of the stock traded hands, compared to its average volume of 1,520,637. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $75.50 and a two-hundred day moving average price of $80.79. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 80.89, a PEG ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Insider Buying and Selling

In related news, Director Mehmood Khan acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $75.33 per share, with a total value of $301,320.00. Following the purchase, the director now owns 4,604 shares of the company's stock, valued at approximately $346,819.32. The trade was a 662.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 700 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 22,050 shares of company stock valued at $1,688,512. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.